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Property profile & analytics
OFF-MARKET
Commercial real estate
87 14th Ave, Cornelius, OR 97113-8812
Individually Owned
8-yr Hold
Free & Clear
Property ID
US71-1924332
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Construction
WOOD FRAME
Total area
1,144 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CMU
APN
1N333DD-06900
UPID
US71-1924332
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Abacus Tax Services Inc Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mark Hills · 8 yrs held
Mark Hills
since 2018
5 recorded transactions
Zoning & alternative use
CMU · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,090
Tax year 2023
Assessed value
$62,880
Assessed 2023
Previous assessed
$61,050
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$92,480
Improvement market value
$161,760
Total market value
$254,240
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
BASEBOARD
Bathrooms
1
Total area
1,144 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CMU
APN
1N333DD-06900
UPID
US71-1924332
Jurisdiction
WASHINGTON
Zoning & alternative use
CMU · Cornelius, OR
Zoning CMU · permitted uses
CMU · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelius. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD FRAME
Heating
BASEBOARD
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mark Hills
Individual
Free & Clear · 8 yrs held
Mailing address
PO BOX 1041, CORNELIUS, OR 97113-1041
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2018
$140,000
Mark Hills
Wright Helen V Trust
Grant Deed
—
Nov 13, 2008
—
Wright Richard
Wright Richard H & H V Trust
Quit Claim Deed
related
—
Feb 5, 2004
$140,000
Mark Hills
Wright,tr
—
—
Nov 13, 2001
$45,000
Richard H Wright
Niermann,alvin & Doris
Grant Deed
—
Jan 22, 1999
—
Richard H Wright
Hartley,douglas B
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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